(Reuters) – Pearson Plc <PSON.L> said revenue at a key U.S. business fell 5 percent and forecast a possible similar drop next year as the education publisher undergoes a major restructuring to focus on boosting its digital content. The FTSE 100 company has struggled to grow its U.S. higher education courseware (HECW) as students have…
The Reserve Bank of Indias (RBI) restructuring scheme for loans to micro, small and medium enterprises (MSME) loans up to Rs 25 crore has been hailed as a welcome breather, but a deeper malaise may be lurking. A former chief executive of a state-run bank (and now a director on…
Blackbaud, a Daniel Island-based software firm with global customers, laid off some of its staff last week. The company said it had to eliminate positions within the company in order to shift resources from one area of the business to another as it invests in sales, research and development and cybersecurity, to name a few…
Former boss Rob Shand stepped down in April to be succeeded by Kim Morison, who was head of real assets and is now acting head of the business. Blue Sky disclosed for the first time that of the almost $100 million that it raised following its half-year results at $11.50 a share, $40 million went…
At the meeting of NMGs board of directors last Friday, Shine was appointed chairman of the groups executive committee and also vice chairman of the board of directors with immediate effect. Shine said a part of the new investments on the digital TV business would be for upgrading its news production studio and the…
Mercedes-Benz parent Daimler on Thursday announced a major restructuring designed to better tackle the rapid pace of change as the car industry grapples with new competitors in the shift to shared, electric and self-driving vehicles. The Stuttgart-based group said it would split up Mercedes-Benz cars from Daimler Trucks and its financial arm now to be…
Csat Investment Advisory Lp decreased its stake in International Business Machs Com (IBM) by 16.43% based on its latest 2018Q3 regulatory filing with the SEC. Csat Investment Advisory Lp sold 7,856 shares as the companys stock declined 16.83% with the market. The hedge fund held 39,949 shares of the computer manufacturing company at the end…
Efficient restructuring of the agricultural sector has brought good results in production and business in the last few months, so the sector expects to gain stronger growth in production and business this year and beyond, said experts. Photo bizlive.vn H NI Efficient restructuring of the agricultural sector has brought good…
STOCKHOLM — Ericssons (NASDAQ: ERIC) focus on simplifying and stabilizing the business has during the three first quarters of 2018 resulted in stronger gross margins and a stabilizing topline. Focus has been on addressing underperforming areas while creating a strong platform for future growth. There has been solid progress in most portfolio areas. In…
Nron says the business will maintain its online presence expand its distribution network in Canada and internationally. Quebec entrepreneur Caroline Nron on Thursday announced a business restructuring that will see nine of her firms 14 boutiques in Quebec shuttered and dozens of employees lose their jobs. A total of 64 of the 152 people employed…